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The primary difference between a change in supply and a change in the quantity supplied isa. change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in the supply curveb. Both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions. .c. A change in supply is related to the supply curve, while a change in quantity supplied is related to shifts in the demand curve that elicit a change in supplyd. Change in supply is a movement along the supply curve, while a change in quantity supplied is a shift in the supply curve.
If the quantity of housing supplied in a community is greater than the quantity of houses demanded, the existing price.
a. is above the market equilibrium priceb. will rise to clear the marketc. will either rise or remain unchangedd. is below the market equilibrium price
An increase in demand with no change in supply will lead to ...... in equilibrium quantity and ......... in
a. an increase; an increaseb. an increase; a decreasec. a decrease; an increased. a decrease; a decrease
Expalin why might a firm making a large economic profit from its existing product employ a fast-second strategy in relationship to new or improved products.
Explain how could government make a choice among two health effects.
Assume the US economy experiences deflation. Trace through the impact on the US macroeconomic variables to the effect on the FOREX rates.
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
A firm has offices in London and New York. Fractional units of labor can be employed in each location (as part-timers can be hired) and the headquarters could be in either city.
Describe the economic situations when your position can be successfully implemented and when it may be doomed to failure.
Some possible platforms on which to write are comparative advantage, gains from trade, World Trade Organization and trade restrictions.
Assume Bill and Hillary notice prices are higher in high rent districts. Bill says it's because high rents cause high prices. Hillary says it's because high prices cause high rents. How do I explain who is right and why.
Elucidate why monopolistically competitive firms frequently prefer non-price competition to price competition.
Suppose the emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . What quantity of output will the firm produce.
As with this data how could you make the cost benefit test to tell if at a given percentage level abatement is effiecient.
Elucidate what would be the budget request for FY13 for this effort.
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